If you're an actuary, or a business professional who works with tax issues related to life insurance companies, insurance and annuity products, and qualified and non-qualified employee benefit plans, then you'll benefit from the many resources offered in this section. In addition to networking, educational events and research opportunities, section members also receive three printed issues of Taxing Times annually, taxation podcasts and access to IRS publications via the section website.
Welcome to the Taxation Section
Read the new fully digital version of Taxing Times.
Get to Know Your Council Leaders
See a full list of Taxation Section council leaders, including officers, council members, and staff partners.
New Regulations Provide Guidance on Computation and Reporting of Reserves
2021 Supplement to Life Insurance & Modified Endowments
This 2021 supplement to the second edition of Life Insurance & Modified Endowments expands the content of the book to update material and address developments occurring since publication, including implications related to the NAIC’s adoption of the 2017 CSO mortality tables, including IRS guidance under Notice 2016-63; the Tax Cut and Jobs Act of 2017 changes to the section 7702 mortality requirements; and the Consolidated Appropriations Act 2021 changes to the section 7702 interest rate requirements. In addition, the 2021 supplement includes a current draft of IRC section 7702. The 2021 supplement is designed to replace the earlier 2018 supplement.
IRS Addesses Tax Treatment of Non-Qualified Annuities Issued to Trusts
Listen to our latest podcast "In the Beginning: " to hear "Why Do Limitations Apply to Owners of Life Insurance Contracts, Particularly COLI?”. From the June 2019 issue of Taxing Times. For access to this and prior podcasts, click here.